SKY - LINE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SKY - LINE
Largest movements
- Tangible fixed assets -€23,369
down €23,369 (-67.7%), from €34,512 to €11,143
of which Land and buildings: -€20,806
- Stocks and contracts -€9,600
no longer reported in 2025 (was €9,600)
- Financial fixed assets -€3,870
no longer reported in 2025 (was €3,870)
- Receivables within one year -€3,000
down €3,000 (-41.3%), from €7,260 to €4,260
- Cash -€1,171
down €1,171 (-7.2%), from €16,294 to €15,123
mainly Net result for the year (-€23,615) and Debts after one year (-€13,141)
- Profit (loss) carried forward -€23,615
down €23,615 (-409.1%), from -€5,772 to -€29,387
- Debts after one year -€13,141
down €13,141 (-58.1%), from €22,614 to €9,473
- Other debts -€4,658
down €4,658 (-47.2%), from €9,861 to €5,203
- Current portion of long-term debt +€1,279
up €1,279 (+14.9%), from €8,580 to €9,858
- Gross operating margin -€7,380
down €7,380 (-85.9%), from €8,594 to €1,214
- Depreciation -€5,358
down €5,358 (-44.6%), from €12,002 to €6,643
- Financial charges -€1,787
down €1,787 (-35.4%), from €5,053 to €3,266
- Financial income -€1,158
down €1,158 (-63.0%), from €1,837 to €679
- Other operating charges -€141
down €141 (-15.7%), from €898 to €757
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,537 | €30,526 | -€41,010 | -57.3% |
| Fixed assets | 21/28 | €38,382 | €11,143 | -€27,239 | -71.0% |
| Tangible fixed assets | 22/27 | €34,512 | €11,143 | -€23,369 | -67.7% |
| Land and buildings | 22 | €30,003 | €9,197 | -€20,806 | -69.3% |
| Plant, machinery and equipment | 23 | €2,602 | €907 | -€1,695 | -65.1% |
| Furniture and vehicles | 24 | €1,906 | €1,039 | -€868 | -45.5% |
| Financial fixed assets | 28 | €3,870 | - | -€3,870 | |
| Current assets | 29/58 | €33,155 | €19,383 | -€13,772 | -41.5% |
| Stocks and contracts in progress | 3 | €9,600 | - | -€9,600 | |
| Stocks | 30/36 | €9,600 | - | -€9,600 | |
| Amounts receivable within one year | 40/41 | €7,260 | €4,260 | -€3,000 | -41.3% |
| Trade receivables | 40 | €7,260 | €4,260 | -€3,000 | -41.3% |
| Cash at bank and in hand | 54/58 | €16,294 | €15,123 | -€1,171 | -7.2% |
| Total equity and liabilities | 10/49 | €71,537 | €30,526 | -€41,010 | -57.3% |
| Equity | 10/15 | €12,705 | -€10,910 | -€23,615 | |
| Contributions | 10/11 | €16,617 | €16,617 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,772 | -€29,387 | -€23,615 | -409.1% |
| Amounts payable | 17/49 | €58,832 | €41,437 | -€17,396 | -29.6% |
| Amounts payable after more than one year | 17 | €22,614 | €9,473 | -€13,141 | -58.1% |
| Financial debts | 170/4 | €22,614 | €9,473 | -€13,141 | -58.1% |
| Amounts payable within one year | 42/48 | €36,218 | €31,963 | -€4,255 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,580 | €9,858 | +€1,279 | +14.9% |
| Financial debts | 43 | €9,741 | €9,618 | -€123 | -1.3% |
| Credit institutions | 430/8 | €9,741 | €9,618 | -€123 | -1.3% |
| Trade debts | 44 | €2,425 | €1,724 | -€702 | -28.9% |
| Suppliers | 440/4 | €2,425 | €1,724 | -€702 | -28.9% |
| Taxes, remuneration and social security | 45 | €5,611 | €5,560 | -€51 | -0.9% |
| Taxes | 450/3 | €5,611 | €4,360 | -€1,251 | -22.3% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €9,861 | €5,203 | -€4,658 | -47.2% |
| Non-recurring operating income | 76A | €8,374 | - | -€8,374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,002 | €6,643 | -€5,358 | -44.6% |
| Other operating charges | 640/8 | €898 | €757 | -€141 | -15.7% |
| Non-recurring operating charges | 66A | - | €13,725 | +€13,725 | |
| Gross operating margin | 9900 | €8,594 | €1,214 | -€7,380 | -85.9% |
| Operating profit (loss) | 9901 | -€4,305 | -€19,911 | -€15,606 | -362.5% |
| Financial income | 75/76B | €1,837 | €679 | -€1,158 | -63.0% |
| Recurring financial income | 75 | €1,837 | €679 | -€1,158 | -63.0% |
| Financial charges | 65/66B | €5,053 | €3,266 | -€1,787 | -35.4% |
| Recurring financial charges | 65 | €5,053 | €3,266 | -€1,787 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,521 | -€22,498 | -€14,978 | -199.2% |
| Income taxes | 67/77 | €1,073 | €1,116 | +€43 | +4.0% |
| Profit (loss) for the period | 9904 | -€8,594 | -€23,615 | -€15,021 | -174.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,594 | -€23,615 | -€15,021 | -174.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.